Articles

 

Panama Papers fall-out will impact every business

Media reporting on the so-called Panama Papers has focused on the tax affairs of wealthy individuals and international organisations, but the hacking of client files at Panamanian law firm Mossack Fonseca has implications for every business. The largest leak in history, with some 2.6 terabytes of data involved, the shockwaves ...

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In Praise of Pilots

The use of pilots, independent skilled master mariners with specific practical and personal local knowledge, to assist and advising a vessel’s Master in ensuring a safe passage of a vessel within the area in which the Pilot operates is now a statutory requirement for most ports, but derives from a ...

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Verisona Law

Build Supervision – going the extra mile

With one-off new builds currently in the doldrums due to the current economic climate, and a steady stream of hitherto copper bottom manufacturers getting into financial difficulties, one consequence has been that the remaining concerned would be purchasers, ever more mindful of the financial risks of commissioning a new build, ...

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Verisona Law

Wide beam barge blues

The cost of securing accessible accommodation in London has now become so prohibitive that many people are now looking at innovative alternative solutions. One of the traditional alternatives has long been the use of a barge or other relatively spacious vessels, permanently moored alongside one of Thames many Wharfs. The ...

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Verisona Law

Modified purchase paperwork: are there unintended consequences?

Purchase paperwork comes in many forms, but principally we are all used to the British Marine Federation standard form document and the Mediterranean Yacht Brokers Association version. Both of these agreements have their limitations, and anyone involved in a high value transaction or one where particular needs and expectations of ...

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Deposits: remember to check the small print

10% deposits are continuing to be demanded as the norm on most transactions, and few purchasers appear to be looking carefully at the wording of the purchase contract to ascertain who exactly they are paying the money to, where it is being held, and in what circumstances it is capable ...

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Storm Warnings

With the recent dramatic passing of Storm Imogen it was interesting to note at least two large cruisers firmly wedged against the high water springs point in Bosham Channel a couple of days back indicating either that their mooring had parted or that they had dragged their ground tackle such ...

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Verisona Law

Boats and Wills

Nobody wants to contemplate their own demise, but the tax man benefits from a failure to do so, so let’s face the unpalatable reality that, unlike some Vikings and Egyptians, we are not going to be able to take our boats into the afterlife. Some of us will actually be ...

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Frustration or Registration

Sitting at my desk shuffling through the dog-eared bundle of bills of sale, invoices, out of date registration and warranty certificates and other detritus that normally represents the “Ships Papers” of most U.K pleasure vessels, I must inescapable conclude that purchasers of the smallest flats, or old bangers, receive more ...

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